A Madrid court sentenced Rodrigo Rato, the former head of the IMF, to over four years in prison for multiple crimes including tax evasion, money laundering, and individual corruption.
Despite denying any wrongdoing during the extensive nine-year investigation, Rato was found guilty on five counts and faces severe penalties, including substantial fines and prison time.
Rato's sentence is currently on hold pending an appeal to the Supreme Court, meaning he will not serve prison time until a final decision is made.
Having previously served two years for a different embezzlement case, Rato’s legal challenges continue to mount, reflecting ongoing scrutiny into his financial dealings.
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